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escrow
(redirected from Escrow agent)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

escrow

In law, a document sealed and delivered to a third party and not released or coming into effect until some condition has been fulfilled or performed, whereupon the document takes full effect.

Money deposited with a neutral third party to be delivered when conditions of a contract are fulfilled, as in real estate transactions, is commonly referred to as escrow.



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? Mentioned in ? References in periodicals archive
 
The escrow agent will be a third-party who is responsible for holding the title or deed to the property as well as earnest deposits made on behalf of the buyer.
How to Use A Escrow when Dealing in Real Estate by Geri Mason / Real estate industry community
In turn, the software vendor may require this verification to be undertaken by the escrow agent or an independent third party (in an effort to protect the valuable source code from access by the licensee prior to any triggering event).
Tips And Traps - Escrow Agreements by Mondaq Business Briefing
or discontinuing support of an older product, the licensee-company then contacts the escrow agent to request a release.
With IT, you get escrow: when companies live by their code--their ... by Johnson, Jeffrey / Security Management
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